Devotion of Time; Additional Activities. (a) The Advisor shall provide the Company and the Subsidiaries with management personnel (which at the time of the Initial Public Offering shall include, without limitation, a chief executive officer, a president, a chief operating officer, a chief financial officer, and a secretary) and appropriate administration personnel to provide the management services to be provided by the Advisor to the Company and the Subsidiaries hereunder, the members of which team shall devote such portion of their time to the management of the Company and the Subsidiaries as is necessary to enable the Company and the Subsidiaries to operate their businesses. The Advisor shall not be obligated to dedicate itself exclusively to the management of the Company or the Subsidiaries nor shall the Advisor’s personnel be obligated to dedicate any specific portion of their time to the Company; provided, however, that (a) the Advisor devotes sufficient resources to the Company’s business to discharge its obligations to the Company under this Agreement and (b) the chief financial officer of the Company will dedicate substantially all of his or her time to the Company. The Company shall have the benefit of the Advisor’s reasonable judgment and effort in rendering services and, in the furtherance of the foregoing, the Advisor shall not undertake activities that in its reasonable judgment will materially adversely affect the performance of its obligations under this Agreement.
Appears in 4 contracts
Samples: Advisory Agreement, Advisory Agreement (City Office REIT, Inc.), Advisory Agreement (City Office REIT, Inc.)
